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Didi Global to start work on US delisting, prepare for Hong Kong debut

The company made the announcement first on its Twitter-like Weibo account

IPOs, listing, Investors, Markets
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Reuters
Chinese ride-hailing giant Didi Global will delist from the New York stock exchange and pursue a listing in Hong Kong, it said on Friday, after it ran afoul of Chinese regulators by pushing ahead with its $4.4 billion U.S. IPO in July. 

The company made the announcement first on its Twitter-like Weibo account. 

"Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong," it said. 

It later said in a separate English language statement that its board had approved the move. 

"The company will organize a shareholders

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Hong Kong